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Preparing Individual Tax Returns for New Staff and Paraprofessionals


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Live Virtual Seminar

8.00 Credits

Member Price $355.00

Non-Member Price $465.00


The objective of this course is to train new staff accountants, data processing employees, paraprofessionals, and bookkeepers to prepare a moderately complex federal individual income tax return (Form 1040). This course covers the latest tax law changes, making it essential for your new staff.


  • Comprehensive coverage of the Inflation Reduction Act of 2022 and The SECURE Act 2.0 
  • Preparation of various Form 1040 individual tax returns and schedules; provided answers include “filled-in” forms 
  • Coverage of Form 7203 
  • Coverage of §199A qualified business income, its calculation, limitations, and examples 
  • Dividends and interest – Ordinary, return of capital, and capital gain distribution dividends; tax-exempt interest, original issue discount, etc. 
  • Security transactions – From Form 1099-B to Form 8949 to Schedule D, plus mutual fund sales and related basis issues 
  • Self-employed person issues 
  • Schedule C deductions including depreciation 
  • Sale and exchange of property – Understanding Form 4797 and depreciation recapture; capital gains 
  • A working understanding of passive losses – How to handle rental property and how the passive loss rules flow to the tax forms 
  • Itemized deductions – A thorough understanding of what’s deductible and what’s not 
  • Interest deductions – Limitations and timing problems 
  • Charitable contributions substituting for taxes, IRS says – No! 
  • Retirement contributions and education credits and deductions 
  • Tax computations – The Kiddie Tax, AMT, regular tax, tax credits 
  • Individual problems illustrated by form preparation for various items, with numerous “practice tips” 
  • Impact of recent legislation and forms changes on the 1040



Designed For

New staff and paraprofessionals who prepare individual returns.


  • Learn complicated issues of filing status and dependency exemptions
  • Learn about Schedules A, B, C, D, E, and SE; Forms 8867, 4797, and 4562; passive rules and more
  • Complete comprehensive problems related to Schedules A, C, and D; QBI, 4797, 6251, and more, all with “filled-in” forms
  • Learn about IRA contributions, self-employed retirement plans, child-care credits, and the adoption tax credit




This seminar has been approved for IRS CE credit for Enrolled Agents (EA) and Registered Tax Return Preparers (RTRP) with PTIN numbers. Please complete and return the request form PRIOR to the seminar if you are an EA or RTRP and would like to receive IRS CE credit. IRS credit will NOT BE issued to you unless ISCPA receives the request form.


Leader Bios

Sali Sheafor

With over twenty years of accounting experience and licenses in Wisconsin, Minnesota, and Florida, Sali has the background and knowledge to help you understand your financial concerns. She is a detailed-oriented accountant with extensive background in small business and individual income tax preparation.

While raising her family in southwestern Wisconsin, Sali returned to college and found her forte in the field of accounting. In 2002, her career began in a small public accounting firm where she was able to work directly with the CPA that owned the firm. That CPA mentored her for 5 years while she worked through the exam and obtained her license. With that license Sali thought she wanted to pursue a career in private accounting. After a year, though, it was clear that public accounting was her only true love. She returned to public accounting, working for multiple firms of varying sizes until the time came for her to start out on her own to see where it would go. Thus, TAP Consulting, LLC was created.

Sali lives in Trempealeau, WI with her husband, Lonnie. They have two grown children, Ashley and Alex, and adore being grandparents! Community involvement has become more and more a part of her life as she serves on the boards for many area not-for-profits.

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Non-Member Price $465.00

Member Price $355.00